This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $2,871 or a weekly rent payment of $502. The average family earns a weekly income of $3,326 with a typical household size of 2.7 and a 94.81% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Garran ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Garran provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Garran necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 3%)
Garran a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Australian Capital Territory State average 56 / 100
Income
59 / 100
56 / 100
Industry
30 / 100
28 / 100
Population
26 / 100
26 / 100
House Prices
77 / 100
72 / 100
Jobs
29 / 100
32 / 100
Incidents Trend State Average
The Canberra College
Phillip, ACT, 2606 Independent 11-12
Mawson Primary School
Mawson, ACT, 2607 Independent K-6
Hughes Primary School
Hughes, ACT, 2605 Independent K-6
Malkara School
Garran, ACT, 2605 Independent K-6
Sts Peter and Paul Primary School
Garran, ACT, 2605 Independent K-6
Lyons Early Childhood School
Lyons, ACT, 2606 Independent K-2
The Woden School
Deakin, ACT, 2600 Independent 7-12
Garran Primary School
Garran, ACT, 2605 Independent K-6
Alfred Deakin High School
Deakin, ACT, 2600 Independent 7-10
Canberra Christian School
Mawson, ACT, 2607 Independent K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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